City Park West

2 bedroom homes in Burgess Springs, Chelmsford, Chelmsford City, CM1 1QN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £81,250 for 25% share
Full price from £325,000
Min deposit from £8,125
Monthly rent from £398
Service charge from £98
Bedrooms 2
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Register your interest to be contacted about a viewing.

The second phase at City Park West will offer a collection of brand new apartments available to buy with Shared Ownership. All properties are designed to a high-quality specification, with open plan living spaces and stylish kitchens with integrated appliances.  The development is ideally located to benefit from the city's superb transport connections, with Chelmsford train and bus stations both just a short walk away.

Local area information

Located a few minutes walk from Chelmsford Station, City Park West is ideally located for commuting. Fast trains to London Liverpool Street have a journey time of just 30 minutes, and run at 15-minute intervals throughout the day. In the other direction, a similar journey time will take you through open countryside to the Essex coast.

Bus links also couldn’t be easier, with the Chelmsford bus station opposite the rail station.For trips further afield, London Stansted and Southend airports are both about a 30 minute drive away.

From 2019, the Elizabeth Line (Crossrail) will run from a new eastern terminus at Shenfield Station, which has a journey time of approximately 10 minutes from Chelmsford Station.

  

Status Plot No. Floor Beds Min share price Eligibility
Available 9 Eccles Court Second 2 £81,250 View details
Available 16 Eccles Court Third 2 £81,250 View details
Available 15 Eccles Court Ground 2 £81,250 View details
Available 4 Eccles Court Ground 2 £82,500 View details
Available 35 Newcombe Court Fourth 2 £82,500 View details
Available 1 Newcombe Court Second 2 £83,125 View details
Available 29 Newcombe Court Third 2 £83,125 View details
Available 40 Newcombe Court Fourth 2 £83,125 View details
Available 3 Waterhouse Court Ground 2 £88,750 View details
Reserved 19 Newcombe Court 3 1 £60,000 View details
Reserved 27 Newcombe Court Fourth 1 £60,525 View details
Reserved 15 Newcombe Court Second 2 £80,625 View details
Reserved 3 Eccles Court Ground 2 £81,250 View details
View More

FAQ's

Min share price from: £81,250 for a 25% share
Full price from: £325,000
Minimum deposit from: £8,125
Bedrooms: 2
Bathrooms: 1

There are 9 available ranging from £81,250 for a 25% share to £88,750 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

City Park West

2 bedroom homes in Burgess Springs, Chelmsford, Chelmsford City, CM1 1QN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £81,250 for 25% share
Full price from £325,000
Min deposit from £8,125
Monthly rent from £398
Service charge from £98
Bedrooms 2
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes